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Market Live: Sensex jumps 200 points, Nifty above 10,150 in opening trade

LiveMint logoLiveMint 18-09-2017 Livemint

Mumbai: The BSE Sensex surged on Monday against the previous session’s closing. The broader NSE Nifty also rose in the morning hours. The Indian rupee opened little changed against the US dollar. The shares of Tata Motors, Bajaj Auto and L&T rose, whereas the shares of Dr Reddy’s Labs and Tata Steel fell.

On Friday, the Reserve Bank of India reported current account deficit (CAD) data that soared to a four-year high of $14.3 billion, or 2.4% of gross domestic product (GDP), in the June quarter as gold imports picked up ahead of implementation of the goods and services tax (GST) starting 1 July. In the March quarter of 2016-17, CAD was 0.6% of GDP at $3.4 billion. Here are the latest updates from the market:

■ 9.22am: BSE Sensex opens higher by 200 points, or 0.65%, to 32,482, while the Nifty 50 rises 70 points, or 0.70%, to 10,156.

■ 9.20am: The rupee opened at 64.07 a dollar. At 9.15am, the rupee was trading at 64.04 a dollar, up 0.06% from its Friday’s close of 64.08

■ 9.17am: Bond yield hits fresh 15-week high. The 10-year bond yield was at 6.607% compared to its previous close of 6.597%. Bond yields and prices move in opposite directions.

■ 9.15am: Asian currencies were trading higher as dollar weakened after US secretary of state Rex Tillerson said his country is seeking a peaceful resolution to end the nuclear standoff with North Korea. South Korean won was up 0.41%, Philippines peso 0.17%, Malaysian ringgit 0.14%, Singapore dollar 0.13%, China renminbi 0.08% and Thai baht 0.05%. However, Japanese yen was down 0.33% and Taiwan dollar fell 0.06%.

■ 9am: The dollar index, which measures the US currency’s strength against major currencies, was trading at 91.869, down 0.01% from its previous close of 91.872.

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